Answer: Extremely difficult; even in cases where debtors are going bankrupt.

Useful knowledge for all students to have before they take out a student loan. Here is a link to a longish 14 minute video conversation between Bloomberg reporter and her editor discussing how difficult it is to get rid of your student loans (the first five minutes may be sufficient to get the point across):

  • What makes student debt unique compared to other forms of debt?
  • What circumstances allow you to get rid of student debt?
  • What is an “undue hardship” and why is it important when it comes to student debt?
  • What is the Brunner test? What is another test that has recently arisen to address these cases?
  • What are the current court cases that could fundamentally change the way student debt is handled?
  • What is your overall impression of how easy it is to get rid of student debt in situations where the student borrower is going bankrupt?

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Here is another set of videos that I curated and titled “Scared Straight Approach To Student Loans.”